Stocks Shrug Off Slowdown and What Third Point Wants to See at Disney 8/15/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 15 August 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. markets continued their rally on Monday, even after some weaker-than-expected data on the housing and manufacturing sectors. What the reaction means for the major indexes. Plus activist investor Dan Loeb is taking an interest in Disney, while Walmart strikes a deal with Paramount. All the headlines you need to trade the streaming world. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Right now and fast, the summer rally rolls on.
0:03.6	Stocks shrugging off week, manufacturing and housing data here at home and disappointing
0:07.4	economic numbers over in China.
0:09.2	The major average is finishing higher ahead of a wave of retail earnings on tap.
0:12.9	Plus, sports, spin-off, hedge fund billionaire Dan Loeb pushing Disney to spin off ESPN
0:18.2	after buying a stake in the company.
0:19.7	He also wants more buybacks and cutbacks, the Disney response and potential next steps
0:24.6	coming up.
0:25.6	And later, still time to buy a look at some of the big cap boomers from PayPal and Netflix
0:30.7	to Ford who have been crushing it.
0:32.5	Now the question is, can you still post profits if you get in now?
0:35.8	I'm Melissa Lee.
0:36.8	This is fast when he left from the Nasdaq Market site on the desk tonight, Tim Seymour,
0:40.1	Dan Nathan, Guy Dami and Jeff Mills.
0:42.5	And we start off tonight with a slow down shrug off.
0:45.4	Major markets managing another day of gains, even as data and housing and manufacturing
0:49.2	came in weaker than expected.
0:51.1	ESNP, up 4 tenths of a percent, the Dow rising for a fourth straight day, closing above.
0:56.0	It's 200 day moving average for the first time since April.
0:58.7	The Nasdaq posting is highest close in nearly four months, but with a slew of retailers
1:02.9	reporting this week as well as more data on the housing market can, this momentum continue.
1:08.2	Tim Seymour, head back from vacation, you've been away for a week, you've gained some
	...

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